The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-03-05
CONDITION OF THE MARKETS.
Wheat Shows Increased Strength, Ac-
compsnied by an Advance in Prices.
sharp Bidding on Corn Results in Establish
ing Better Figures-0ats StrOnger-Pro-
visions Very Active and Higher.
MONEY, BONDS AND STOCKS.
A Dull and Featureless Market, Relieved by a
FURRY at. the Close.

Dull and Feature less Market, Relieved by a
FURRY st. the Close.
NEW YORK, March Mooney on call easy at
4a6 per cent, closing at per cent.
Prime mercantile paper, soc per cent.
Sterling exchange was .Grmer at S4. S4sl for sixty
day bills and "a 87si for demand
The total sales of stocks to-day were 226. GIG
shares including the following: Delaware Lacka-
& Western, "a, 952; Erie. 9,079; Lake Shore,
% 1925; Louisville & Nashville A. 300 Northwestern,
S410; Jersey Central 10, 725; Pacific Mail, 6, 1872;
Reading, 1880; St. Paul 10 $50; Texas Pacific,
{, 100 Union Pacific, 10, no. Western Union, 81
275
That the adjournment of Congress was than
discounted shown by the of prices for the
day. The market was much duIer than the previous
days of this week until late in the afternoon, and the
trading up to that time almost entirely devoid of
feature and the adjournment of Congress- leaving sew
eral appropriation bills unsettled, encouraged
selling, which slowly sagged prices off. Pacific
Mail was exception to the general rule, and showed
considerable strength upon the revival of the story
Chat its differences with the transcontnenta roads had
been satisfactorily adjusted. There was reaction
early in the afternoon in which Jersey Central and
New England were conspicuous the former shooting
MP suddenly over per cent. on conparatlveiy hgnt
transactions. The pressure to realize, however,
serted itself toward the close and the entire list gave
way under the lead Of llackawanna There was some
light selling by the foreign interests but it had little
effect upon values. The opening rather heavy
most stocks showing decrease of small fractions
from last evenings final quotations The trading
light. and while some irreguarity was noticeable
prices generally heavy slowly sagging off, which
continued until noon, Pacific Mail becoming proni-
aent. The movement in Jersey Central began at
aoon and the general list responded slowly, but be-
fore P. NJ. the selling pressure forced
prices down again, and the lowest fig
u.es were recorded in the last hour.
The close moderately active and heavy to weak
ut the lowest prices reached. Sales. 226 81
shares. Lackawanna contributed "a. 9S2: Lake
Shore, %. 325; Western Union, 81 ,275; St. Paul,
1880; Reading ID, $40; Union Pacific, Is 40;
Richmond & West Point, IA, 1856; New England, IL
21O, and New Jersey Central, TO- 725. Everything
the active list is lower, Canada Pacific losing 81
flackawanna & Delaware preferred, Lii Louisville &
Nashville / is Richmond & West Point. L. Miiwau
kee. Lake shore and Western, however rose l2c.
Railroad bonds showed marked contrast to the
dealings in stocks being firm to strong most of the
day. Sales 81 ,364 900. of which the Green Bay in
furnished $50 600. Closing prices generally
show advances. Lake Shore first coupons rose 2l2
TO 12S; Western Pacific skies, g. to lis; Utah South
crn general sevens. 31o, to go Pittsburg Cleveland
& Toledo firsts 3, to lis: Peoria Decatur & Evans
vile incomes, 3, to IS.
Government bonds heavy and dull for the
four-and a. alfs
State bonds were quiet and irregular. Closing quo
tations were